Director, Reinsurance & Security - State National

Markel•Bedford, TX

2d•Onsite

About The Position

This position is responsible for leading and developing a team of junior analysts while partnering with senior management to evaluate, structure, and underwrite risks associated with new program opportunities. The role oversees the Credit Committee process and is accountable for conducting complex credit underwriting, risk mitigation assessments, collateral adequacy reviews, and contract compliance analyses. Findings and recommendations are presented to senior management to support informed business decisions. The successful candidate must possess strong analytical and communication skills, with the ability to interpret complex financial, operational, and contractual data and translate it into meaningful analyses, reports, and presentations. The role requires effective interaction with both internal and external stakeholders and the ability to build strong working relationships across the organization. Additional responsibilities include enhancing reporting and analytical capabilities through the use of Artificial Intelligence tools and technologies, identifying opportunities for process and system improvements, and leading the implementation of solutions that improve efficiency, controls, and decision-making.

Requirements

Proficiency in Microsoft Office applications required
Strong problem-solving, research, analytical and quantitative skills, including the ability to identify inconsistencies and assess the reasonableness of information and results
Excellent written and verbal communication skills, with the ability to effectively present findings and communicate complex concepts to senior management
Highly organized, detail-oriented and committed to accuracy
Demonstrated ability to prioritize competing responsibilities with minimal supervision
Ability to work effectively under pressure while maintaining high standards and meeting critical deadlines
Proven ability to manage multiple projects simultaneously in a fast-paced environment
Ability to work independently and collaboratively while maintaining positive relations with clients, business partners and internal stakeholders
Bachelor’s Degree required
Relevant financial analysis experience required
US Work Authorization required

Nice To Haves

Proficiency with Artificial Intelligence tools and technologies strongly preferred
Strong knowledge of statutory and GAAP financial reporting standards, with the ability to perform comprehensive financial analysis strongly preferred
Solid understanding of Letters of Credit and applicable state insurance regulatory requirements preferred
Strong understanding of reinsurance structures, agreements and contract provisions preferred
Familiarity with property and casualty insurance markets and products preferred
Knowledge of insurance company rating methodologies preferred
Prior supervisory experience preferred, either as a direct manager or team leader
Advanced degree and/or relevant professional certification preferred
Experience utilizing Artificial Intelligence tools and technologies strongly preferred
Property and casualty insurance industry experience preferred
Actuarial experience is beneficial but not required

Responsibilities

Lead, mentor, and develop a team of reinsurance analysts, providing oversight of reinsurer portfolios to ensure collateral adequacy, reserve reasonableness, compliance with contractual provisions and covenants, and analysis of reporting variances.
Analyze financial statements and related information for current and prospective counterparties and affiliated entities to assess creditworthiness, identify risk exposures, recommend risk mitigation strategies, and communicate findings to senior management through written reports and presentations.
Conduct due diligence on new program opportunities and collaborate with business leaders on the structuring, underwriting, and implementation of complex insurance and reinsurance transactions.
Manage the Credit Committee governance process, including coordination of meeting materials, agenda development, facilitation of meetings, management of approval requests, and maintenance of supporting databases and documentation utilized in underwriting and risk management decisions.
Evaluate collateral adequacy, covenant compliance, and counterparty credit exposure, and provide recommendations to management regarding collateral movements, credit actions, and risk mitigation strategies.
Produce analytical reports and presentations on the Company's reinsurance portfolio, credit risk profile, and emerging issues to support executive decision-making.
Review Letters of Credit and other collateral instruments for regulatory and contractual compliance, coordinating with reinsurers, financial institutions, and internal stakeholders to address deficiencies or required amendments.
Analyze trust assets for contractual compliance, report findings to management and work with reinsurers to exchange trust assets as needed.
Support the development, enhancement, and optimization of departmental systems, databases, reporting tools, and operational processes to improve efficiency, controls, and scalability.
Leverage Artificial Intelligence tools and technologies to enhance departmental reporting, analytical capabilities, workflow automation, and management insights.
Develop and maintain productive relationships with reinsurers, program managers, brokers, banks, and other external business partners.
Effectively collaborate with and present to all levels of internal and external management, providing clear and actionable analysis and recommendations.
Serve as a subject matter expert and resource to team members regarding reinsurance programs, Credit Committee decisions, departmental processes, and reporting requirements.
Lead special projects and perform other duties and analyses as assigned.